According to a Finance Department notification, the proceeds of the loan will be utilised to finance State Plan Outlay in connection with the development programmes of the state government.
The auction of the government stock will be conducted by the Reserve Bank of India at its Mumbai Office on February 11, 2014, the release said.
The stock will be of 10-year tenure which will commence on February 12, 2014. The loan will be repaid at par on February 12, 2024, it added.
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